Thinking About Cross-Border Franchising? US Franchise Brands are Becoming More Transparent

AUTHOR: BeTheBoss.ca DATE: JUL 31st, 2017 The International Franchise Association (IFA) reports that US franchises are providing more financial performance information on their disclosures, which is great news for Canadians who are interested in opening up a US-based franchise location here. According to a report for the Franchise Education and Research Foundation, US companies are increasingly disclosing financial performance information under the “Item 19” label of their disclosure documents despite…

Why Franchise?

Posted By Nicole Wells – Sport Clips Contributor Opening a business takes a lot of hard work. Stepping out into ownership is a big responsibility that comes with a great deal of risk. But what if you didn’t have to do it alone? What if you could have a safety net?  Investing in a franchise gives you the benefit of belonging to a larger organization, with all of the support, training…

Overcome Fear and Doubt and Go Ahead and Purchase That Franchise!

Tips on buying your first franchise, from a leading franchise expert by Nancy E Williams    Posted: July 24, 2017 If you’re reading this article, it’s probably because you’re looking for that silver bullet that’s going to push you over the line and make you say “I’m ready!” to sign on the dotted line to purchase a franchise business, or start your own. I’m sorry to have to be the one to disappoint…

How Much Does a Franchise Really Cost?

AUTHOR: BeTheBoss.ca DATE: JUL 22nd, 2017 One of the most important areas of Canadian franchise research is the price tag. It’s only natural to want to know how much you can expect to invest and pay out over time in any given business. While there may be some unanticipated expenses down the line, most of your costs should be outlined in the Franchise Disclosure Document (FDD) you receive. The main…

3 Books Every Franchise Buyer Needs to Read

With technology disrupting the world of franchise, use the tools from these three books to stay innovative with your business. Image credit: Sandra Starke/EyeEm | Getty Images RICK GROSSMANN VIP CONTRIBUTOR Author – Entrepreneur Magazine’s Franchise Bible – CEO Franchise Hub/Vet Starter        There are many new authors in the franchise and small business category that have written some very helpful books for our industry. Recently, I have been…

So You Want to Open a Franchise…

This is a good article by Eric Pritchard, about some of the legal issues to consider when buying a franchise.  Although he specifically talks about USA law most of these points are valid when buying a franchise in Canada. BY ERIC PRITCHARD ON JUL 17, 2017 Eric Pritchard is a Philadelphia Lawyer who spends his workday making the world safe for electronic security providers. He can be reached at epritchard@kleinbard.com. This column…

5 Strategies for Franchise Leadership Development

Image credit: GaudiLab | Getty Images RICK GROSSMANN VIP CONTRIBUTOR Author – Entrepreneur Magazine’s Franchise Bible – CEO Franchise Hub/Vet Starter      In my most recent article, I identified the five primary departments that make up every business: leadership, finance, operations, marketing and technology. The most important of these is leadership. The experience, business acumen and commitment of company leaders have a greater impact on the outcome of the business than the…

5 Insider Franchise Marketing Tips for Boosting Foot Traffic in 2017

As technology evolves, franchise marketing teams must evolve as well in order to stay relevant and profitable. Enticing customers to visit your locations requires a broad strategy that engages customers online, on their mobile phones, and in-store. In this article, we’ve rounded up five top tips for franchise marketing best practices that work across many different types of franchises. 1) Target mobile advertising to individual locations With consumers’ ever-present smartphones,…

The pros and cons of owning a franchise

Buying into a franchise means you have immediate access to an extensive and rich network of other franchisors 25 JUNE 2017 – 00:00 DINEO TSAMELA Subway franchise. Picture: REUTERS/NOOR KHAMIS Advantages of owning a franchise include: A franchise comes with a logo and name. This eliminates the cost of having to come up with a name and all the work that goes into registering your business. You’ll also have access to…

Why trouble is brewing at Tim Hortons Franchise System

SYLVAIN CHARLEBOIS, SPECIAL TO MONTREAL GAZETTE Published on: July 2, 2017 | Last Updated: July 2, 2017 1:00 PM EDT With new ownership comes a new reality for franchisees, writes Sylvain Charlebois JOHN KENNEY / MONTREAL GAZETTE FILES Tim Hortons is slowly becoming a classic case of a completely dysfunctional franchise system. Franchisees on both sides of the border are now pressuring Restaurant Brands International Inc. (RBI), the new owners of the franchise,…